Citigroup (C) Holdings Cut by Standard Life Aberdeen plc

Standard Life Aberdeen plc lessened its position in Citigroup (NYSE:C) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,603,231 shares of the financial services provider’s stock after selling 2,998,365 shares during the period. Citigroup accounts for 1.1% of Standard Life Aberdeen plc’s investment portfolio, making the stock its 16th biggest position. Standard Life Aberdeen plc owned approximately 0.30% of Citigroup worth $565,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in C. Brown Advisory Inc. boosted its stake in shares of Citigroup by 8.0% during the 4th quarter. Brown Advisory Inc. now owns 333,322 shares of the financial services provider’s stock valued at $24,802,000 after purchasing an additional 24,617 shares in the last quarter. West Chester Capital Advisors Inc. bought a new stake in shares of Citigroup during the 4th quarter valued at about $360,000. CDAM UK Ltd bought a new stake in shares of Citigroup during the 4th quarter valued at about $19,829,000. Pzena Investment Management LLC boosted its stake in shares of Citigroup by 0.5% during the 4th quarter. Pzena Investment Management LLC now owns 8,363,979 shares of the financial services provider’s stock valued at $622,364,000 after purchasing an additional 42,595 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in shares of Citigroup by 6.8% during the 4th quarter. First Republic Investment Management Inc. now owns 561,597 shares of the financial services provider’s stock valued at $41,788,000 after purchasing an additional 35,524 shares in the last quarter. 80.21% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Citigroup (NYSE:C) opened at $73.47 on Friday. Citigroup has a 52 week low of $56.55 and a 52 week high of $80.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $188,822.75, a PE ratio of -23.70, a P/E/G ratio of 1.06 and a beta of 1.51.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. analysts expect that Citigroup will post 6.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.74%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.

C has been the topic of a number of research reports. JPMorgan Chase & Co. set a $80.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Wells Fargo set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Nomura lifted their target price on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Vetr raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. Citigroup currently has a consensus rating of “Hold” and a consensus price target of $79.69.

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